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Posts tagged layoff

Confirmed: Free Radical lets over 100 employees go

Well, it would appear all of our excitement over a fourth TimeSplitters game is for nothing, as the rumored layoffs at Free Radical are in fact true. The company has let go of 75% of its workforce, which equals 140 employees. The company, with its remaining 40 people, are up for sale, with several c...

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Confirmed: Free Radical lays off 140, 'For Sale' sign posted

It's now official: As of December 31, Free Radical will be 140 employees smaller, which is just over 75% of its workforce. The company and its remaining 40 or so members are now on sale with several companies showing "strong interest," according to the firm brought in to help with downsizing (who i...

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Estimated layoffs at SCEA were "totally off base"

Earlier, we reported that up to 100 employees were laid off by SCEA. It appears that these figures were incorrect, and "way high." In a statement to GameDaily, Dave Karraker noted that less than 50 employees were let go. Government regulations require a company that lays off more than 50 individuals...

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